Astrotech Corporation Approves Transaction Bonus Plan Tied to Qualifying Deal Proceeds

Reuters
Nov 13, 2025
<a href="https://laohu8.com/S/ASTC">Astrotech Corporation</a> Approves Transaction Bonus Plan Tied to Qualifying Deal Proceeds

Astrotech Corporation has adopted a new transaction bonus plan, establishing a bonus pool based on net proceeds from a qualifying transaction. The pool will amount to 10% of the first $50 million, 5% of proceeds between $50 million and $100 million, and 2% of any amount above $100 million, provided the net proceeds meet or exceed $30 million. Eligible participants, including selected employees, contractors, or outside directors, will receive individual allocations from the pool in a single cash payment within 30 days of the transaction's closing. Additionally, following the resignation of Chief Financial Officer Jennifer Canas, the company has entered into a separation agreement granting her a cash payment of $122,795.25 and continued health insurance coverage under COBRA through April 30, 2026, or until she obtains other group health coverage.

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